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CEO leaving LodgeNet

Mon, 06/18/2012 - 2:35pm
The Associated Press

A Sioux Falls-based company that provides Internet services to hotels and other industries is searching for a new CEO.

The Argus Leader reports that Scott Peterson is leaving the post at LodgeNet after 25 years with the company. He will remain on LodgeNet's board of directors.

R. Douglas Bradbury, LodgeNet's chairman of the board, said the company has made significant strides under Petersen in a challenging economic environment.

The company's earnings have struggled in recent years, although some analysts predict a return to profitability in 2013.

Board member Phillip Spencer has been appointed interim president and CEO.

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